Can You Have a Pension and a 401k at the Same Time?
Understanding how a pension and a 401(k) can work together can help you maximize retirement savings, manage taxes, and plan for long-term financial security.
Investment and Financial Markets
What Is the Use Tax in Michigan and How Does It Work?
Understand Michigan’s use tax, when it applies, how to calculate it, and key compliance steps to avoid penalties and ensure proper recordkeeping.
Can I Deduct Mileage if I Don’t Own the Car?
Learn when you can deduct mileage for business use, even if you don’t own the car, and how to choose between standard mileage and actual expenses.
What Qualifies as Tax-Exempt Interest in California?
Learn which types of interest income are tax-exempt in California, how residency affects exemptions, and the filing requirements to ensure compliance.
Can You File Jointly One Year and Separately the Next?
Learn how changing your tax filing status from joint to separate (or vice versa) affects deductions, credits, and dependent claims from year to year.
Unequal Capital Contributions in an LLC: How It Impacts Ownership and Profits
Understand how unequal capital contributions in an LLC affect ownership, profit distribution, decision-making, and long-term financial arrangements.
Can You Go Exempt on State Taxes and How to File Correctly?
Learn when you can claim exempt from state taxes, how to file correctly, and the importance of accurate documentation to avoid potential issues.
Do Routing Numbers Start With 0? How to Enter Them Correctly
Learn how routing numbers are structured, when leading zeros matter, and how to enter them correctly on electronic forms to ensure accurate transactions.
Do Travel Nurses Pay Taxes in Both States?
Understand how travel nurses handle state taxes, including residency rules, income allocation, and potential credits to avoid double taxation.
Do I Staple My Tax Return or Use Paper Clips?
Learn the best way to assemble and submit your tax return to ensure proper processing, avoid delays, and keep your documents organized.
What Does Block Withholding Mean for Your Federal Taxes?
Learn how blocking federal tax withholding affects your paycheck, tax liability, and compliance, and explore key considerations before making this election.
US Bank NA Inst as Payor 1099-R: What It Means and How to Report It
Understand the implications of receiving a 1099-R from US Bank NA, how to report it correctly, and key considerations for taxes, withholding, and rollovers.
Do I Have to Report a K-1 on My Taxes if I Have No Income?
Understand your tax obligations for a K-1, even with no income. Learn when reporting is required and how to handle different filing scenarios.
How to Get Taxable Income and Locate It on Tax Forms
Learn how taxable income is determined, adjusted, and reported on tax forms to better understand your tax obligations and financial planning.
Why Are My TP Tax Figures Reduced by IRAF Contributions?
Understand how IRAF contributions impact your tax figures, adjust your taxable income, and ensure accurate reporting for a clearer financial picture.
What Closing Costs Can Be Added to Basis?
Learn which closing costs can be added to your property’s basis to optimize tax benefits and gain a clearer understanding of your investment.
Can I Use Checks With My Maiden Name to Pay the IRS?
Learn how to use checks with your maiden name for IRS payments, including bank requirements, identity verification, and when to update your records.
How to Get Unclaimed Stimulus Checks
Learn how to claim unreceived stimulus checks by verifying eligibility, checking refund tools, updating tax returns, and addressing potential offsets.
Is a Franchise an Intangible Asset on the Balance Sheet?
Understand how franchises are recorded as intangible assets on the balance sheet, including capitalization, amortization, renewals, and impairment considerations.
How to Report Contract Labor on Schedule C Line 11
Learn how to accurately report contract labor expenses on Schedule C Line 11, ensure proper classification, and maintain essential documentation.